PropertyInvesting.com | MMajor | Activity

MMajor replied to the topic NZ Mortgage Lender in the forum Overseas Deals

Fri, 17 Jun 2005 13:10:16 +0000

Thank you Terry & Steven for your pointer.
I would look into it when the time comes.

Thank you
MMajor

MMajor replied to the topic Cross Lease in the forum Overseas Deals

Tue, 14 Jun 2005 13:22:17 +0000

Thank you all very much for your helpful replies.

MMajor

MMajor replied to the topic Loans for NZ property in the forum Overseas Deals

Mon, 13 Jun 2005 07:45:22 +0000

Ben

As far as I understand, Aussie lenders don’t lend to IPs purchased in NZ.

However, NZ lenders do lend to Aussies investors for 20% deposit and regular income. Likes of BNZ, ANZ, all lend in NZ.

MMajor

MMajor replied to the topic Cross Lease in the forum Overseas Deals

Sun, 05 Jun 2005 21:40:36 +0000

Hi Mini

Thank you for your reply & offer. Yes, that pdf would really help me to understand it better.
I have sent you email with my address.

HSe I am looking at is 179K, on a cross lease, shares a driveway and is at the back of 2 other houses in front (with street frontage). Other houses in area are 230K upwards.

THank you
MMajor

MMajor replied to the topic Cross Lease in the forum Overseas Deals

Sun, 05 Jun 2005 13:25:37 +0000

Thank you Albie for your reply. It did help
me to understand it better.

Do you think there should be a 30K price difference between two identical houses, one on x/l the other on freehold though ?

Thank you
Stuart